Income tax was first created in England to pay for the Napoleonic wars (maximum – 10%) and was raised in World War Two to a maximum of 99.25%, again to pay for warfare.
Additionally, the world is looking at large-scale, international economic collapse in the relatively near future. What part will this play in the OECD’s efforts?
An interview to Jeff Thomas, feature writer for Strategic Wealth Preservation, Doug Casey’s International Man and 321gold.com International Man: Recently, Secretary of Treasury Janet Yellen called for a global minimum tax rate because it would reduce the likelihood of US companies moving offshore. It seems that the US government recognizes that its confiscatory tax policies…
In the face of the ongoing crises around the world, wise investors have continued to attempt to ensure that their portfolios remain well-diversified against overexposure to any single asset class.